Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 10)

What is the balance of Accumulated Depreciation account on the date of disposal?
Zero
Its original cost.
The Net Book Value.
Salvage Value

Explanation

The accumulated depreciation account will reflect the total depreciation expense recorded on the asset until the date of disposal, or until the point the asset is sold or otherwise removed from use.

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